Mr Rakesh Jhunjhunwala Rakesh Jhunjhunwala is one of the most famous and respected equity investors in India and manages his own portfolio. He is regarded as India?s most famous value investor and often called as India?s Warren Buffett. He considers Mr Radhakrishna Damani as his guru (mentor) and best friend. Most value investors in India aspire to be like him and regard him as the value investing guru. When Mr Jhunjhunwala invests, it is generally in unloved small and mid-cap stocks. His stock picking strategy and portfolio is heavily influenced by value investing strategies based on fundamental analysis. ?Rakesh is a classic bottom-up stock picker, who gets into companies with strong managements and/or compelling long-term stories and then holds them through market cycles,? says Shankar Sharma, the managing director of First Global, who has been seen as the bear to Mr Jhunjhunwala?s bull. ?I can?t see too many flaws in his make-up as a long-term investor.? Mr Jhunjhunwala says his fascination with balance sheets began young. ?I had a childhood love for stocks,? he says. ?My father used to invest a bit and I used to talk about it with him in the evening. I was a very curious child, so I was always quizzing my dad. He said, ?Instead of quizzing me all the time, why don?t you find out yourself??? He entered the market in 1984, aged 25, with a 5,000-rupee investment in the iron-ore exporter Sesa Goa. Just three years later, he had turned that into 10 million rupees. A quarter of a century later, Mr Jhunjhunwala has an office in Nariman Point, India?s financial district, where the walls bear line drawings of Mr Buffett, George Soros, John Templeton, Peter Lynch and other legendary investors.
Ref:Investor exchange
